Consideration/Acquisition; Effective Time Sample Clauses
The Consideration/Acquisition; Effective Time clause defines the terms under which ownership or rights to an asset, company, or property are transferred, as well as the exact moment when this transfer becomes legally effective. Typically, this clause specifies what is being acquired, the form and amount of consideration (such as cash, shares, or other assets), and the precise date and time when the transaction is deemed to take effect. By clearly outlining both the nature of the acquisition and the effective time, this clause ensures all parties understand when obligations and rights shift, thereby reducing ambiguity and potential disputes regarding the timing and terms of the transfer.
Consideration/Acquisition; Effective Time. The Acquisition shall become complete (“Closing”) upon the delivery of the transaction documents sufficient to convey assets described on Exhibit A from DC to NBM, duly executed upon the exchange of the following consideration: A total of 6,743,681 shares of restricted common stock of DC shall be conveyed by NBM to DC, free and clear of all liens and encumbrances whatsoever. The parties agree that the effective date (“Effective Date”) of the transaction herein shall be May 15, 2015 which was the date of agreed terms and all economic benefits and obligations shall be calculated starting on that date.
Consideration/Acquisition; Effective Time. The Acquisition shall become effective upon the delivery by Sellers of the transaction documents sufficient to convey Sellers' entire interests in Gulfstar, LLC duly executed upon delivery of the following consideration: 11,659,659 shares of restricted common stock of GEI shall be issued as consideration to Sellers for conveyance of the 11,659,659 interests in Gulfstar, LLC by Sellers, free and clear of all liens and encumbrances and concurrent with and subject to the closing of a) Revised and Amended Share Exchange and Acquisition Agreement with Talon Energy, LLC (copy attached as Exhibit A hereto) and b) Share Exchange Agreement with Gulfstar, LLC for the remaining 40% interest in Gulfstar, LLC (Exhibit B).
Consideration/Acquisition; Effective Time. The Acquisition shall become effective upon the delivery of the transaction documents sufficient to convey interests in Gulfstar, LLC duly executed upon delivery of the following consideration: A total of up to 8,340,341 shares of restricted common stock of GEI shall be issued prorata as consideration to Interest Holders as listed on Schedule 1.01 attached hereto for conveyance of the subject interests in Gulfstar Energy Group, LLC by Interest Holders, free and clear of all liens and encumbrances and subject to the prior closing of a) an Acquisition and Share Exchange Agreement with Talon Energy Corporation (copy attached as Exhibit A hereto) and b) Share Exchange Agreement with certain controlling Interest Holders (Timothy and Jason Shar▇) ▇▇ ▇ulfst▇▇, ▇▇▇ ▇▇▇ ▇▇ ▇▇▇▇oximately 60% interest in Gulfstar, LLC to be acquired by Gulfstar Energy Corporation. (Exhibit B)
Consideration/Acquisition; Effective Time. The Acquisition shall become effective upon the delivery of the stock certificates in Acquiree duly executed representing 100% of Acquiree outstanding shares of common stock and delivery of the following consideration:
Consideration/Acquisition; Effective Time. The Acquisition shall become effective upon the delivery of the stock certificates in Acquiree duly executed representing 100% of Acquiree outstanding shares of common stock and delivery of the following consideration: 3,500,000 shares of restricted common stock of GEC shall be issued to Acquiree's Shareholders prorata in exchange for 100% of Acquiree's outstanding common stock. Further funding efforts post closing and further mergers after 6 months will be dilutable to such shareholders.